Pine Walk, the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has launched Carnovis Specialty, a new alternative risk transfer MGA.
Carnovis will begin underwriting in December 2025, offering structured (re)insurance solutions designed to help clients manage volatility, optimise capital and build long-term resilience. This will include a range of excess-of-loss solutions across treaty, captive and direct lines, as well as quota-share solutions for treaty clients.
Based in London, the MGA will write an international book of business, providing worldwide coverage through a portfolio weighted towards the US, UK and APAC exposures, among others. Clients will range from established reinsurers and multinational companies, including their captives, to smaller companies using Carnovis’ solutions to manage risk efficiently across classes and over time.
Grant Maxwell, Founder and CEO of Carnovis, said: “Across the market, we are seeing growing demand for structured solutions that bridge the gap between traditional (re)insurance and capital markets. Clients want long-term, partnership-based relationships with their (re)insurers, underpinned by tailored terms that better reflect their portfolio and strategic goals. Carnovis is purpose-built to deliver that flexibility, bringing together innovation, capital efficiency and balance sheet strength to create value over multiple underwriting years.”
Carnovis will be the 16th MGA for Pine Walk.